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Gerteis, Christopher; George, Timothy S (2014)
Languages: English
Types: Article
Subjects: 700, 5600, 8560
Japan’s spectacular economic growth after 1945 made it a model for its neighbors and even, at the height of its economic dominance and hubris in the 1980s, an exemplar of modern capitalism for business leaders in the Americas, Europe, and Pacific Asia. By the early 1990s, however, the collapse of mammoth real estate and stock market bubbles launched the nation on two decades of stagnation or fitful growth, deflation, and soul searching. The hubris that drove the post-war era – that “we had all the answers” – had collapsed. And then, on 11 March 2011, the state’s ineffectual response to the triple-crises of earthquake, tsunami, and nuclear disaster in northeastern Japan heightened popular debate over whether the nation was doomed to a slow decline or might yet be able to recover its vigor and discover a new path and new purposes.
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    • 3 Jeff Kingston, “Abe's Nuclear Energy Policy and Japan's Future,” The Asia-Pacific Journal, Vol. 11, Issue 34, No. 1, August 19, 2013; and Cai Hong, “Over Japan's past, Abe should ditch ambiguity for reconciliation,” China Daily, 18 July 2013. Available here at ChinaPost. Accessed 21 July 2013.
    • 4 The question of the total numbers of people killed during the Asia-Pacific War (1931- 1945) is still very controversial, although estimates range between 15 and 20 million. For a sobering discussion of this issue, see John Dower's epilogue “From War to Peace” in John W. Dower, War Without Mercy: Race and Power in the Pacific War (New York: Pantheon Books, 1986), 293-317.
    • 5 “Turning Japanese: Debt and Politics in America and Europe,” The Economist, 30 July 2011. Accessed 21 January 2013.
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